Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Details - Restricted stock unit activity)

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STOCK-BASED COMPENSATION (Details - Restricted stock unit activity) - Restricted Stock Units (RSUs) [Member]
12 Months Ended
Dec. 31, 2021
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Outstanding at Beginning Balance 562,500
Granted 75,000
Vested 0 [1]
Cancelled (287,500)
Outstanding at Ending Balance 350,000
[1] A total of 125,000 RSUs vested in 2021. In January 2022, the Company modified the vesting terms of 100,000 of these to extend the vesting through May 15, 2022. The Company granted an additional 25,000 RSUs to the holders of these RSUs that vesting was extended and these additional RSUs will also vest as of May 15, 2022. The Company will record additional expense of $1,126,250 during 2022 related to these modifications. The remaining 25,000 shares that were vested as of December 31, 2021 were issued in January 2022.